Russell Investments Group Ltd. Reduces Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Russell Investments Group Ltd. trimmed its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 32.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,673,847 shares of the company’s stock after selling 1,280,388 shares during the quarter. Russell Investments Group Ltd.’s holdings in Vimeo were worth $10,481,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Vimeo by 3.3% in the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock worth $54,018,000 after purchasing an additional 483,443 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Vimeo by 10.2% in the 3rd quarter. Acadian Asset Management LLC now owns 2,322,643 shares of the company’s stock worth $8,218,000 after acquiring an additional 214,366 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Vimeo by 10.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company’s stock valued at $6,962,000 after acquiring an additional 174,892 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Vimeo by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,201,414 shares of the company’s stock valued at $4,253,000 after acquiring an additional 31,773 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Vimeo by 25.6% during the third quarter. Boston Partners now owns 1,185,683 shares of the company’s stock worth $4,196,000 after purchasing an additional 242,025 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Price Performance

NASDAQ VMEO opened at $3.67 on Monday. The business’s 50-day moving average is $4.28 and its 200 day moving average is $3.91. The stock has a market capitalization of $616.71 million, a PE ratio of 28.23 and a beta of 2.02. Vimeo, Inc. has a 1 year low of $3.02 and a 1 year high of $5.77.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The firm had revenue of $105.54 million for the quarter, compared to analysts’ expectations of $102.37 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. The business’s revenue was up .0% compared to the same quarter last year.

Vimeo Company Profile

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.